Why We Like It:
DECK makes footwear. The stock had a disastrous 2012 but shares appear to have bottomed. The stock is now building on a bullish pattern of higher lows and it recently broke out past resistance at its simple 200-dma and the $44.00 level.

I do consider this an aggressive, higher-risk trade. DECK can be a volatile stock. Thus we want to keep our position size small. It is worth noting that if this strength continues DECK could see a short squeeze. The most recent data listed short interest at almost 44% of the small 30.9 million share float.

I am suggesting small bullish positions now. We will aim for $49.75. However, we do not want to hold over the late February earnings report. At the moment it looks like that report might come out on Feb. 21st but the date has not been confirmed. More aggressive traders may want to buy the call options.